Hf. Eimskipafelag Islands Completes the sale of interest in Eimskip Tango ehf, Parent of Versacold International Corp.

Source: FoodProcessing.com

Jul 21, 2009

VersaCold International Corporation, an indirect, wholly-owned subsidiary of Hf. Eimskipafélag Íslands announced that Eimskip has successfully completed a sale of a 49% interest in Eimskip Tango ehf, the direct parent of Versacold to The Yucaipa Companies. Yucaipa also acquired an option for the remaining 51% interest in Tango.

The acquisition of VersaCold fits within Yucaipa's long term strategy to build a worldwide network of temperature controlled transportation and warehousing services.

Yucaipa is the owner of Americold RealtyTrust, the largest public refrigerated warehouse operator in the United States. The VersaCold facilities are complimentary to Americold’s facilities, although VersaCold and Americold will operate independently, each with separate and distinct boards.